Townsquare Capital LLC Has $1.75 Million Stock Position in Smith Douglas Homes Corp. (NYSE:SDHC)

Townsquare Capital LLC grew its stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 39.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,371 shares of the company’s stock after acquiring an additional 13,110 shares during the period. Townsquare Capital LLC owned 0.09% of Smith Douglas Homes worth $1,752,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of Smith Douglas Homes during the first quarter worth $13,451,000. Teachers Retirement System of The State of Kentucky bought a new stake in Smith Douglas Homes in the 1st quarter valued at about $565,000. RiverPark Advisors LLC acquired a new position in shares of Smith Douglas Homes during the 2nd quarter worth approximately $120,000. Thornburg Investment Management Inc. bought a new position in shares of Smith Douglas Homes during the second quarter worth approximately $4,975,000. Finally, Federated Hermes Inc. raised its position in shares of Smith Douglas Homes by 5.5% in the second quarter. Federated Hermes Inc. now owns 527,300 shares of the company’s stock valued at $12,328,000 after buying an additional 27,300 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. downgraded Smith Douglas Homes from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $41.00 to $36.00 in a research note on Monday, November 25th. Wedbush reiterated a “neutral” rating and set a $20.00 price objective on shares of Smith Douglas Homes in a research note on Tuesday, November 12th. Bank of America boosted their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price target on shares of Smith Douglas Homes in a research report on Thursday, August 15th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.40.

Insider Buying and Selling at Smith Douglas Homes

In other news, Director Jeffrey T. Jackson purchased 8,605 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average cost of $29.77 per share, with a total value of $256,170.85. Following the completion of the purchase, the director now owns 15,748 shares of the company’s stock, valued at $468,817.96. This trade represents a 120.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Smith Douglas Homes Stock Performance

SDHC opened at $33.70 on Monday. The company’s 50 day moving average is $34.70 and its 200-day moving average is $31.22. Smith Douglas Homes Corp. has a 1-year low of $20.55 and a 1-year high of $39.50.

About Smith Douglas Homes

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.